Ctrip.com (CTRP) PT Raised to $46 at Wells Fargo
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Price: $34.93 --0%
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
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Wells Fargo raised its price target on Ctrip.com (NASDAQ: CTRP) to $46.00 (from $45.00) while maintaining a Market Perform rating following solid Q1 results.
Analyst Ken Sena notes margins were better than feared.
The analyst is increasing 2018 revenue by 2% to ¥32.0bn/$5.0bn (19.4% y/y) and increasing adj. operating margin by 120bps to 16.9%.
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